More on the Singapore central bank tightening monetary policy - second time this year
The news is here from earlier on the Monetary Authority of Singapore meeting
Bloomberg have a bit of a recap up:
- Singapore's central bank tightened monetary policy for a second time this year
- encouraged by steady economic growth despite worsening U.S.-China trade tensions
- The MAS guides the local dollar against a basket of its counterparts and adjusts the pace of its appreciation or depreciation by changing the slope, width and center of a currency band. It doesn't disclose details on the basket, or the band or the pace of appreciation or depreciation.
Note there are only two decisions a year so I guess you could headline the post with MAS tightens policy at EVRY meeting this year!
Oh, I've already seen analysts saying the MAS will tighten again next time. Shees, that's in April. Plenty of action to come between now and then.